Robert E. Levy
Partner
201-896-7163 rlevy@sh-law.comAuthor: Robert E. Levy|November 23, 2015
In a recently published memo, Deputy Attorney General Sally Quillian Yates made it clear that identifying and prosecuting individual culpability is a top priority for the Department of Justice.
According to Yates, individual accountability is important for several reasons. “It deters future illegal activity, it incentivizes changes in corporate behavior, it ensures that the proper parties are held responsible for their actions, and it promotes the public’s confidence in our justice system,” the memo states.
To strengthen the agency’s civil and criminal prosecution of individuals tied to corporate misconduct, the Department of Justice memo outlines six steps that federal prosecutors and investigators should follow:
In a speech announcing the changes at New York University School of Law, Yates highlighted the significance of the changes, particularly the requirement that companies turn over all information about individual wrongdoers in order to receive cooperation credit. “Now, to the average guy on the street, this might not sound like a big deal. But those of you active in the white-collar area will recognize it as a substantial shift from our prior practice.”
Partner
201-896-7163 rlevy@sh-law.comIn a recently published memo, Deputy Attorney General Sally Quillian Yates made it clear that identifying and prosecuting individual culpability is a top priority for the Department of Justice.
According to Yates, individual accountability is important for several reasons. “It deters future illegal activity, it incentivizes changes in corporate behavior, it ensures that the proper parties are held responsible for their actions, and it promotes the public’s confidence in our justice system,” the memo states.
To strengthen the agency’s civil and criminal prosecution of individuals tied to corporate misconduct, the Department of Justice memo outlines six steps that federal prosecutors and investigators should follow:
In a speech announcing the changes at New York University School of Law, Yates highlighted the significance of the changes, particularly the requirement that companies turn over all information about individual wrongdoers in order to receive cooperation credit. “Now, to the average guy on the street, this might not sound like a big deal. But those of you active in the white-collar area will recognize it as a substantial shift from our prior practice.”
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